Strategy doubles its stock buyback to $2 billion to pull its STRC shares back to $100

According to CryptoSlate, Strategy doubled its STRC preferred-stock repurchase program to $2 billion after spending approximately $811.5 million without successfully restoring the stock to its $100 stated value. Data showed that STRC traded around $97 to $98, remaining roughly 2% below par as an informal milestone arrived. Between Aug. 31 and Sept. 7, the company acquired 1.81 million STRC shares for $176.3 million, representing its largest weekly purchase to date. With the original $1 billion authorization nearly exhausted, the new ceiling leaves Strategy with $1.19 billion available.

The intervention required drawing entirely from the company's USD Cash balance, halting Bitcoin purchases and MSTR stock sales for the week. Strategy owned 845,050 Bitcoin as of Sept. 7. The company's board aims to push STRC back to $100 so the perpetual funding vehicle can trade reliably near par and reopen its issuance role. Strategy maintains a policy against issuing additional STRC below par. The expanded authorization gives the company more room to continue the repurchases as it awaits sufficient outside demand to sustain the security at par.